3. Abdul and Bobby are partners shuring profits and losses in the ratio of 52 Datalie amaned as a new partner for 1/5 share. Dalal brings OMR 30,000 as his Capital and necessary amount of his share of goodwill in cash. Total goodwill of the firm is OMR 120.000. Goodwill already appears in the Balance Sheet of Abdul and Bobby a OMR 40.000 What would the journal entry be for the goodwill appearing in balance sheet? .) 'D' Abdul's capital OMR 25.000 & Bobby's capital OMR 15.000; OGoodwill OMR 40.000 b) "Dr. Abdul's capital OMR 25.000 & Bobby's capital OMR 15.000 Dalal's capital OMR 40.000 c) "Dr. Dalal's capital OMR 40.000. 'O' Abdal's capital OMR 25.000 & Bobby's capital OMR 15.000 d) 'Dr. Goodwill OMR 40,000: "C. Abdal's capital OMR 25.000 & Bobby's capital OMR 15.000 6. Which of the following is the main objective for calculating of sacrificing ratio? a) To find out the compensation to be paid by the gaining partners to the retiring partner b) To find out the compensation to be paid by the retiring partners to the gaining partner c) To ascertain the compensation to be paid by outgoing partner to the incoming partners in form of goodwill d) To ascertain the compensation to be paid by incoming partner to the sacrificing partne the form of goodwill 7. Omer, Kabas and Salem are partners sharing profits and losses in the ratio of 2:1:1 resp Salem retires from the firm on 31 January 2021. The credit balance of Salem's capita after retirement shows OMR 25,000. What would be the journal entry if the claim ame instantly? Dr.' Salem's capital OMR 25,000; 'Cr.' Bank OMR 25,000 b) Dr.' Salem's capital OMR 25,000; 'Cr.' Profit and loss OMR 25,000 c) Dr.' Profit and loss OMR 25,000; 'Cr.' Salem's capital OMR 25,000 d) Dr.' Bank OMR 25,000; 'Cr.' Salem's capital OMR 25,000 8. Raza, Karim and Faisal carry on business sharing profits and losses in the ra respectively. Faisal died three months after the close of the previous year claim the profit. The profit/loss figure of preceding five years were 2015-16 15 OMR 40,000; 2013-14 OMR (8,000) loss; 2012-13 OMR 26,000; 2 What would be the firm's average profit till the date of Faisal's death profits of the preceding 3 years